Welcome to our dedicated page for LIVEWIRE GROUP news (Ticker: LVWR), a resource for investors and traders seeking the latest updates and insights on LIVEWIRE GROUP stock.
LiveWire Group Inc (LVWR) delivers innovative electric mobility solutions through premium motorcycles and youth-focused STACYC balance bikes. This news hub provides investors and industry observers with official updates and strategic developments from the sustainable transportation innovator.
Access real-time announcements including product launches, financial disclosures, and operational milestones. Our curated collection features earnings reports, technology advancements, and market expansion updates, offering critical insights into LiveWire's position in the competitive EV sector.
Key content categories include:
- Financial performance updates
- New model releases and design innovations
- Strategic partnerships in sustainable mobility
- Manufacturing and supply chain developments
- Industry recognition and regulatory updates
Bookmark this page for streamlined access to verified information about LiveWire's progress in electrifying personal transportation. Check regularly for updates directly impacting the company's trajectory in the evolving electric vehicle market.
LiveWire Group, Inc. (NYSE: LVWR) reported its Q2 2024 financial results, showing mixed performance across its segments. The Electric Motorcycles segment saw 379% growth in unit sales year-over-year, reaching 158 units. However, STACYC electric balance bike sales declined by 53%. Despite an 8% decrease in consolidated revenue to $6.4 million, the company improved its consolidated operating loss by 12% to $28.2 million.
Key highlights include:
- Maintained #1 position in U.S. on-road electric motorcycle retail sales for H1 2024
- Electric Motorcycles revenue increased by 219% to $2.4 million
- STACYC revenue decreased by 36% to $4.0 million
- Net loss improved by 39% to $24.8 million
LiveWire reaffirmed its 2024 outlook, expecting 1,000-1,500 electric motorcycle sales and an operating loss of $105-$115 million.
LiveWire Group (NYSE: LVWR) will announce its Q2 2024 financial results before market opens on July 25, 2024. The report will be discussed during an audio webcast from 8-9 a.m. CDT, featuring LiveWire leadership and Harley-Davidson executives. The webcast, including a slide presentation, will be available on LiveWire's investor relations website. A replay will be accessible two hours post-conference. LiveWire, primarily owned by Harley-Davidson, specializes in the electric motorcycle market.
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